This South Korean film festival will be powered by blockchain technology

An upcoming movie pageant, hosted by means of the Gyeonggi Movie College, shall be held from September 25 to October four. Not too long ago, the pageant introduced its partnership with MovieBloc, a Blockchain-based media distribution platform.

Consistent with Fn Information, the pageant’s target market will have the ability to charge each and every movie in actual time in trade for more than a few tokens. Attendees shall be in a position give a contribution in alternative ways as neatly, corresponding to by means of offering foreign-language subtitles for more than a few motion pictures, in go back for extra token-based rewards.

The net pageant, which used to be advanced in accordance with the COVID-19 pandemic, could also be the primary of its type and may just set a precedent for long term fairs within the post-coronavirus generation. Kang Yeon-kyung, MovieBloc’s CEO, mentioned that he hopes this new fashion “can coexist with home and world movie fairs and the movie trade.”

In July, a work of collaborative efficiency artwork consisting of 15 quick motion pictures, used to be hashed and minted right into a non-fungible token at the Ethereum blockchain.

That match applied a mechanism which rewarded the undertaking’s individuals every time an asset used to be offered; the Gyeonggi Movie College will put in force a identical thought of their upcoming match.

Leave a Reply

Your email address will not be published. Required fields are marked *